On 22-24 May 2024, the Economic Crime and Cooperation Division (ECCD) of the Council of Europe organised a Training of Trainers on conducting Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) risk-based supervision for representatives of supervisory authorities for the Designated Non-Financial Businesses and Professions (DNFBPs) in Lithuania. 

The Training of Trainers (ToT) aimed at building upon a previous comprehensive training session on AML/CFT risk-based supervision of DNFBPs in Lithuania held in February 2024. More specifically, participants had the opportunity to further deepen their understanding of various stages of the supervisory cycle, and to discuss with the Council of Europe experts good practices on conducting data collection, risk-assessment, risk-profiling, on-site inspections and off-site monitoring, as well as on applying corrective actions. The specificities of particular sectors were also discussed, and supervisory authorities received targeted guidance on the supervisory approach they should apply when supervising different sectors.

The second part of the training aimed to enhance the participants’ training and presentation skills. Practical tips were for instance provided as regards the use of various presentation styles and training techniques. In addition, Council of Europe experts shared with participants several examples of good practices in using both verbal and non-verbal communication with attendees of trainings.

Finally, the training has also entailed a number of practical exercises, aimed at encouraging participants to test their skills through the preparation and delivery of a set of presentations, previously designed within the same project, on the AML/CFT risk-based supervisory cycle targeting diverse audiences (e.g. peers from the same institution, different sectors of obliged entities, and others). 

The event was organised within the framework of the Technical Support Instrument initiative “Strengthening Risk-Based AML/CFT Supervision in Lithuania”, co-funded by the European Commission’s Directorate General for Structural Reform Support (DG REFORM) and the Council of Europe and implemented by the Council of Europe.